![]() The area has a colorful history of the real estate market, like during the building boom of the 1890s that cemented its reputation as “City by the Bay”, or during the tech boom of late 1990s when it brought new demand for housing. The real estate market in San Francisco Bay Area plays a major factor in the economic health of the area and is essential to its prosperity. Finally, the Asian Art Museum, which was designed by Gae Aulenti, who worked on the Musee d’Orsay in Paris, is home to works over 6,000 years old.Ī brief introduction to San Francisco in the Bay Area: The California Palace of the Legion of Honor is located in Lincoln Park, and has both fine sculpture and pottery. Also found in Golden Gate Park is the California Academy of Sciences, with a tropical rainforest building, aquarium, and planetarium. The deYoung Museum in Golden Gate Park is home to a collection of Pacific Island, African, and American works. The San Francisco Museum of Art features works by 20th-century artists. Among other local options, the city is home to five world-class museums, each with different collections. San Francisco is well known for its rich and varied arts and culture scene. In 2019, San Francisco became the 12th in the world, and 2nd in the US, on the Global Financial Centers Index. Along with high living and income, the area (along with San Jose and Oakland) shares the country’s 3rd-largest economy, with a GDP of $1.03 trillion as of 2018. In 2018, San Francisco had the 7th-highest income in the US, averaging $130,696. San Francisco’s median rent price is $4,312, which is higher than the larger San Francisco-Oakland-Hayward Metro of $3,354. The one-year forecast shows this changing, but only slightly, with a forecast change of a 0.7% increase expected. According to information from Zillow, while the median home value is still very high at nearly $1.4 million, the last twelve months has only seen a change of 0.1% increase. The median home price in San Francisco over the past year has remained relatively flat. Though home prices and cost of living in San Francisco is high, residents of the area enjoy pleasant local weather nearly year-round, along with A+ amenities and great employment and school options. They hold the world’s largest American wine competition, held in February, as well as more than 50 independent film festivals every year. This city is home to a beautiful blend of cultures, as well as a plethora of cultural activities. This bustling city is also home to many outsiders, as over a third of the population were born outside of the U.S., and another quarter born in other states. In addition to racial minorities, San Francisco is holder of the largest percentage of LGBTQ people and same-sex households in the country, at 15.4% of the population. The population is 47% White, 34% Asian, 7.5% African American, 5% two or more races. The demographics of the city are extremely diverse, as it is now considered a minority-majority city. It is a cultural hotspot known for its compact houses and forward-thinking population, as well as home to the famous Golden Gate Bridge. ![]() It is also the second most densely populated city in the United States, behind New York City. The population of the city alone reaches over 880,000 while the entire metropolitan area comprises about 4.6 million people. San Francisco, California’s only consolidated city-county, is the 4th most populous city in the entire state. Our rental management services cover property marketing, leasing, maintenance, and reporting with a focus on maximizing ROI on the investment. From helping investor groups with a large portfolio of apartment buildings to first-time investors with a single home, our team has the experience, technology, and a full staff to handle all aspects of your rental. ![]() As an established property management company with over 25 years of experience in both commercial and residential real estate management, our services are competitively affordable and hassle-free. Our licensed property managers are local to San Francisco, with years of experience in your neighborhood or district, knowledgeable of the delicate rental market in this area. At Utopia Management, we provide all-encompassing property management services all across the Bay Area, from the Mission District and Presidio Heights to nearby Mountain View and Redwood City. ![]()
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